GO
Loading...

North America

More

  • Auto parts supplier Lear raised its financial outlook Tuesday due to better-than-expected production levels of light trucks and the benefits of its ongoing restructuring.

  • Federal Reserve Weighs Mortgage Options Friday, 15 Jun 2007 | 8:36 AM ET

    Proof of income from borrowers. No penalties for early mortgage payments. And a guarantee that property taxes and insurance bills are covered. The Federal Reserve is considering these and other measures as a way to remedy the troubled market for high-risk, or subprime, mortgages. The central bank held an all-day hearing on the matter Thursday.

  • Hertz, Avis Plan to Boost Hybrid Fleets Friday, 15 Jun 2007 | 6:32 AM ET

    The increased demand for "green" vehicles is spilling over to the rental car counter, where many more drivers will soon be able to choose a hybrid vehicle. Hertz Global Holdings said Thursday it will spend $68 million to add 3,400 Toyota Prius hybrids to its fleets by 2008. And Avis Budget Group said this week it plans to make 1,000 hybrid Prius vehicles available for rent as early as next week.

  • Home-Loan Demand Climbs Even as Interest Rates Surge Wednesday, 13 Jun 2007 | 11:20 AM ET

    U.S. mortgage applications rose for the first time in three weeks even as interest rates surged to their highest level since mid-2006, an industry group said on Wednesday.

  • U.K. in Contact with Ford Over Jaguar, Land Rover Tuesday, 12 Jun 2007 | 6:58 AM ET

    The British government is in contact with Ford Motor over the possible sale of the U.S. carmaker's Jaguar and Land Rover brands.

  • U.S. Employers Still Cautious on Hiring: Manpower Tuesday, 12 Jun 2007 | 6:21 AM ET

    U.S. employers are still taking a wait-and-see approach to adding jobs, according to a Manpower survey released Tuesday.

  • Warner Music Group  said on Monday it was still considering making an offer for Britain's EMI which has agreed to a 2.4 billion pounds ($4.7 billion) cash takeover from private equity group Terra Firma.

  • Norilsk Profit Up 154% on Metals, One-Off Sale Friday, 8 Jun 2007 | 7:35 AM ET

    Norilsk Nickel, the world's largest nickel and palladium miner, said on Friday 2006 net profit more than doubled on record prices and the sale of a stake in South African miner Gold Fields.

  • The Bush administration is poised to suspend a major post-9/11 security initiative to cope with increasingly angry complaints from Americans whose summer vacations are threatened by new passport rules.

  • SEC to Fine Nortel Over Accounting Fraud: Report Friday, 8 Jun 2007 | 6:20 AM ET

    U.S. securities regulators are planning to fine Nortel Networks  up to $100 million for accounting fraud, Bloomberg reported on its Web site on Friday.

  • Bank of America Appeals "Shocking" ABN Ruling: FT Friday, 8 Jun 2007 | 6:17 AM ET

    Bank of America has accused a Dutch court of unlawful action by blocking its $21 billion purchase of ABN Amro's U.S. unit LaSalle Bank in an appeal filing, the Financial Times reported on Friday.

  • A global solution is needed to tackle climate change and the inclusion of the United States in any agreement is vital, European Commission President José Manuel Barroso president, told CNBC Europe.

  • Sony Game Unit Plans to Cut Jobs in U.S. Thursday, 7 Jun 2007 | 6:13 AM ET

    Sony's  game unit said on Thursday it planned to cut jobs in the United States and was eyeing restructuring steps in Japan as it struggles to keep up with industry rival Nintendo.

  • A federal appeals court grapples Wednesday with a billion-dollar legal question: Are insurance companies obligated to cover water damage from the failure of levees in New Orleans following Hurricane Katrina?

  • U.S. Whole Foods Supersizes in London, Next Europe Tuesday, 5 Jun 2007 | 7:29 AM ET

    Whole Foods Market, the world's largest organic and natural foods chain, opens its first store outside North America in London on Wednesday and plans hundreds more in Britain and across Europe.

  • G8 Summit to Call for Hedge Fund Vigilance Monday, 4 Jun 2007 | 8:31 AM ET

    Leaders of the G8 powers will call this week for greater vigilance on hedge funds in the hope that the industry will take it upon itself to prevent accidents like the collapse of LTCM in the late 1990s.

  • Virgin Plans Business-Only U.S. Flights in 2008 Monday, 4 Jun 2007 | 7:36 AM ET

    Virgin Group founder Richard Branson plans business class-only flights with a fleet of up to 15 new planes, in a move which could spell trouble for upstart rivals in the competitive transatlantic market.

  • Pulte Slashes Job Amid Housing Slump Friday, 1 Jun 2007 | 3:26 PM ET

    Facing a grim housing market, Pulte Homes  said Tuesday that it is cutting about 16% of its work force, or about 1,900 jobs, as part of a restructuring.

  • ICE Urges CBOT Members to Defy Board on CME Deal Friday, 1 Jun 2007 | 7:09 AM ET

    IntercontinentalExchange, on Thursday took its unsolicited takeover proposal for the Chicago Board of Trade directly to members of the CBOT, urging them to support ICE's bid over that of the Chicago Mercantile Exchange.

  • ABN Amro urged a Royal Bank of Scotland-led consortium and Bank of America to settle their dispute over the acquisition of ABN's U.S. unit, LaSalle, as the subsidiary's future remains a sticking point in the takeover battle for the Dutch bank, the Financial Times reported Friday.